Green Bay Packaging Inc. is undertaking a $95 million expansion of its Coated Products operation located in Ashwaubenon.
The investment also will help retain the company’s workforce in Wisconsin.
The company will build a new 240,000-square-foot building, along with new converting equipment for its manufacturing operation. The building will include a state-of-the-art storage and retrieval system for inventory and movement of raw materials and finished goods. The modernization will improve the company’s environmentally friendly manufacturing process through improved utilization and reduced resource consumption.
“Most importantly, this investment allows us to further improve our strategic focus on flexibility and responsiveness to customer requirements,” said Will Kress, president of Green Bay Packaging.
The company is eligible for up to $1.976 million in tax credits through the Wisconsin Economic Development Corporation (WEDC) to assist in the expansion. The Village of Ashwaubenon is providing a $1 million tax incremental financing (TIF) incentive and supporting the vacation of a street to allow the development to occur.
“An important part of our business development strategy is to help Wisconsin businesses that are investing in their future to meet new opportunities and retain jobs,” said Reed Hall, secretary and chief executive office of the WEDC. “Green Bay Packaging has maintained its legacy of being a strong Wisconsin company.”
Green Bay Packaging manufactures high-quality products used for a wide variety of retail packaging and labeling applications.
The job retention tax credits will be distributed annually in direct relation to the number of jobs retained over a three-year period.